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Home ASIA

Lebanon’s Mikati says he still faces big hurdles to forming cabinet

admin by admin
27 August 2021
in ASIA, Asian, Banking & Investment Services, Banks, Central Banks / Central Bank Events, Commodities Markets, Conflicts / War / Peace, Debt / Fixed Income Markets, Diplomacy and Foreign Policy, Economic News, Emergency, Energy, Finance, Financials, General News, Government Borrowing Requirement, Government Finances, International Agencies / Treaty Groups, International and National Security, International Trade, Iran, Lebanon, Major News, Monetary / Fiscal Policy / Policy Makers, National Government Debt, Old Economy, Old Middle East, Old Politics, South-West Asia
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Lebanon’s Mikati says he still faces big hurdles to forming cabinet

Lebanon's Prime Minister-Designate Najib Mikati speaks after meeting with Lebanon's President Michel Aoun, at the presidential palace in Baabda

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BEIRUT (Reuters) – Lebanon’s Prime Minister-designate Najib Mikati said on Friday he still had to overcome major hurdles to forming a new government, amid a deep economic and political crisis that has left the country with a caretaker administration for a year.

Mikati, the third person picked to try to form a government since last year, told Saudi-owned television network Al Hadath that the situation in Lebanon remained grave.

Forming a government is a necessary first step to secure international support to help pull Lebanon out of its deepest crisis since its 1975-1990 civil war. The currency has collapsed, while medicines and fuel are running out.

Hassan Nasrallah, the leader of Hezbollah, a heavily armed Shi’ite movement back by Iran and under U.S. sanctions, has said Iranian fuel shipments were on their way to help ease shortages.

Asked about Nasrallah’s comments, Mikati said he was against anything that would harm Lebanon’s interests.

“We will not let anyone lead us to new sanctions,” he said. “But I tell the critics and the Arab League give us a candle, we can’t say no to the shipment without having an alternative.”

The prime minister’s post is held by a Sunni according to Lebanon’s sectarian power-sharing system.

Lebanon has been run by the caretaker government of Prime Minister Hassan Diab, who resigned with his cabinet after a massive Beirut port blast ripped through the capital a year ago.

(Reporting By Ahmad Elhamy and Maha El Dahan; Editing by Catherine Evans and Edmund Blair)

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